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December 2016 Phoenix 85050 real estate stats

December 2016 saw a total of 52 home sales in the 85050 Zip code of Northeast Phoenix.  As of this writing there are 121 active listings and 61 under contract within 85050, so the inventory levels  are 2.35 month's worth of supply based on the December sales.  85050 encompasses an area roughly bounded by Union Hills Drive, Cave Creek Road, Jomax Road and Tatum Boulevard in Northeast Phoenix.   Some of the main attractions and destinations in 85050 include Desert Ridge MarketPlace, Musical Instrument Museum, Horse Lovers Park, Reach 11 Sports Complex, Excelling Paradise Valley Unified School District schools and much more.  The  junction of the Loop 101 and SR 51 lies in the midst of 85050 for easy access to all parts of the valley.  For more information on the area as well as available homes, please  call me at 480-236-7374

Total December sales: 52

Average Price Per foot: $171.19
Sale price as a percentage of list price: 98%
Average sale price: $392,775
Average Days on market: 73

This breaks down by type as follows:

Single Family Detached Homes
Sales: 47

Average Price Per foot: $170.38

Sale price as a percentage of list price: 98%
Average sale price: $398,964
Average Days on market: 68


Condos and Townhomes:
Total sales 5
Average Price Per foot: $178.78
Sale price as a percentage of list price: 97%
Average sale price: $334,559
Average Days on market: 122


Prices for all properties ranged from $250,000 for a /2 1691 sf single family detached home to $827,500 for a 6/4, 4640 sq.ft. single family home in Aviano at Desert Ridge.  Data includes single family, town home and condos.  Data does not include land or mobile.    


Adam Tarr PC
Citywide Real Estate
480-236-7374

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